Tag: Indonesia
Volcanic Eruption in Indonesia Disrupts Air Travel, Spreads Ash to Malaysia
Discover how the eruption of Mount Ruang in Indonesia has disrupted air travel and led to ashfall reaching Malaysia, prompting evacuation efforts amid fears of potential tsunamis.
Jakarta-Bandung High-Speed Rail Celebrates 6 Months: 2.56M Passengers
Jakarta-Bandung High-Speed Rail, operated jointly by Indonesian and Chinese firms, celebrates six months of operation with over 2.56 million passengers transported, revolutionizing travel in Indonesia.
Three nations to be largest sovereign sukuk issuers
KUALA LUMPUR: According to Moody’s Investors Service, Malaysia, Indonesia, and Turkiye will overtake Saudi Arabia. As the leading sovereign issuers in 2023–2024. Which had...
Indonesia’s Asean presidency to focus on economic growth, says senior minister Airlangga Hartarto
Indonesia's 2023 ASEAN presidency aims to accelerate economic recovery by enhancing regional connectivity, improving competitiveness, and strengthening financial and food security sectors. Coordinating Economic Minister Airlangga Hartarto emphasizes bridging digital gaps and supporting post-pandemic growth strategies.
Boustead Plantations expects continued volatility in palm oil prices
Boustead Plantations Bhd expects continued volatility in palm oil prices for the remainder of the year. High production costs from increased minimum wages, fertilizer, and diesel prices will impact profitability. The company remains optimistic about cost management and crop enhancement strategies for 2022.
Asia-Pacific leaders condemn war, renew calls for open trade
Asia-Pacific Economic Cooperation (APEC) leaders gathered in Bangkok, Thailand, to address global economic challenges. The summit focused on condemning the Russia-Ukraine conflict, promoting open trade, and seeking sustainable economic growth across the region. Most participants denounced the war, marking a significant diplomatic moment.
WTO warns of ‘real’ recession risk in some major economies
The World Trade Organization warns of potential recession in major economies, with Ukraine crisis, inflation, and food prices contributing to economic uncertainty. Developing nations face significant economic challenges.
Indonesia hikes fuel prices by 30%, cuts energy subsidies
Indonesia dramatically increased fuel prices by 30%, with Pertalite gasoline rising from 51 to 67 cents per liter and diesel from 35 to 46 cents. Long lines formed at gas stations as citizens rushed to purchase cheaper fuel before the price hike took effect.
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
Indonesia's economy showed significant improvement in Q2, growing 7.07% and breaking out of recession. The growth rate, the strongest in 17 years, surpassed analyst predictions. However, rising Covid-19 infections could potentially disrupt the ongoing economic recovery.
